During the last session, Penn National Gaming Inc. (NASDAQ:PENN)’s traded shares were 2.75 million, with the beta value of the company hitting 2.27. At the end of the trading day, the stock’s price was $28.34, reflecting an intraday gain of 1.69% or $0.47. The 52-week high for the PENN share is $86.40, that puts it down -204.87 from that peak though still a striking 6.63% gain since the share price plummeted to a 52-week low of $26.46. The company’s market capitalization is $4.64B, and the average trade volume was 4.22 million shares over the past three months.
Penn National Gaming Inc. (PENN) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. PENN has a Sell rating from 0 analyst(s) out of 19 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.54.
Penn National Gaming Inc. (NASDAQ:PENN) trade information
Penn National Gaming Inc. (PENN) registered a 1.69% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.69% in intraday trading to $28.34 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -2.28%, and it has moved by -10.85% in 30 days. Based on these gigs, the overall price performance for the year is -63.02%.
The consensus price target of analysts on Wall Street is $56.88, which implies an increase of 50.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $38.00 and $80.00 respectively. As a result, PENN is trading at a discount of -182.29% off the target high and -34.09% off the low.
Penn National Gaming Inc. (PENN) estimates and forecasts
Statistics show that Penn National Gaming Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Penn National Gaming Inc. (PENN) shares have gone down -39.60% during the last six months, with a year-to-date growth rate less than the industry average at -35.48% against 9.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -53.80% this quarter and then drop -5.80% in the quarter after that. In the rating firms’ projections, revenue will increase 7.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.6 billion as predicted by 18 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $1.6 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.55 billion and $1.51 billion respectively. In this case, analysts expect current quarter sales to grow by 3.40% and then jump by 5.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 16.70%. While earnings are projected to return 147.80% in 2022.
Penn National Gaming Inc. is due to release its next quarterly earnings between February 02 and February 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Penn National Gaming Inc. (NASDAQ:PENN)’s Major holders
Penn National Gaming Inc. insiders own 0.64% of total outstanding shares while institutional holders control 82.19%, with the float percentage being 82.72%. FMR, LLC is the largest shareholder of the company, while 730 institutions own stock in it. As of Dec 30, 2021, the company held over 20.13 million shares (or 12.07% of all shares), a total value of $1.04 billion in shares.
The next largest institutional holding, with 17.86 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.71% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $925.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of Penn National Gaming Inc. (PENN) shares are Fidelity Blue Chip Growth Fund and Baron Growth Fund. Data provided on Feb 27, 2022 indicates that Fidelity Blue Chip Growth Fund owns about 7.51 million shares. This amounts to just over 4.50 percent of the company’s overall shares, with a $385.82 million market value. The same data shows that the other fund manager holds slightly less at 5.8 million, or about 3.48% of the stock, which is worth about $300.73 million.